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Sep 29, 2010
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Ü$ >> susie: the recession has had a big impact on us-- and not just our bank accounts. for some people, the financial crisis has strained personal relationships. with that in mind, tonight's "money file" looks at a financially friendly alternative to divorce court. here's julie stav, senior financial expert at univision. >> going through a divorce is never easy, but in what may be the worst economic downturn most of us have ever experienced, breaking up can be even more financially devastating due to increasing legal fees, overcrowded court calendars and the reduced values of homes, investments and retirement accounts. but, as it often occurs, out of desperation comes inspiration. and, according to recent studies by the institute for divorce financial analysts, only 1% of the cases using alternative divorce methods cost couples more than $15,000, compared with 11% of litigated cases. this new process, also called mediation, takes the litigation out of the courtrooms and replaces it with consultations in the offices of professionals like financial planners, mental- healt
Ü$ >> susie: the recession has had a big impact on us-- and not just our bank accounts. for some people, the financial crisis has strained personal relationships. with that in mind, tonight's "money file" looks at a financially friendly alternative to divorce court. here's julie stav, senior financial expert at univision. >> going through a divorce is never easy, but in what may be the worst economic downturn most of us have ever experienced, breaking up can be even more...
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Sep 8, 2010
09/10
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tom. >> tom: so draw the thread for us. how can investors be certain that a company's innovation leads to profit for the company and thusly to shareholders. >> if they get it right, consumers and other purchasers love what they have and keep buying. and the example is apple. they keep bringing out the great products. if you look at their numbers, profit was about $2 billion in 2006. and it is about $8 billion as of last year. the numbers add up, and the share price from 50 to 250 in that timeframe. >> tom: what is interesting about the list you brought along with you tonight is it is an non-technology list of innovators. beginning with wal-mart. innovation versus consumer spending. it is it consumer spending that cowbts at w.m.t.? >> i wanted to look at how innovation affects regular companies, like a retailer like wal-mart. the idea is wal-mart has gone green. the innovation factor is based on the top 50 most innovative companies. wal-mart rated very high because it is investing in sustainable effort. it is very ambitious,
tom. >> tom: so draw the thread for us. how can investors be certain that a company's innovation leads to profit for the company and thusly to shareholders. >> if they get it right, consumers and other purchasers love what they have and keep buying. and the example is apple. they keep bringing out the great products. if you look at their numbers, profit was about $2 billion in 2006. and it is about $8 billion as of last year. the numbers add up, and the share price from 50 to 250 in...
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Sep 2, 2010
09/10
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tonight's "street critique" guest joins us from the bank of new york. it is jonathan chaplin at credit suisse. welcome to "nightly business report." >> thanks, tom. >> tom: what has been fueling this performance that we've seen over the last quarter or so in telecom? >> i think it is pretty straightforward. it is primarily one thing: it's yield. as investors get concerned about growth concerns for the economy, 6% dividend yield for at&t and verizon stocks looks in increasingly compelling. you've got a better prospect of getting a return from that yield than other sectors in the economy. >> tom: it sounds like quite a defensive play. but what about the growth expectations for this sector? are there any? >> it is not going to be a sector that grows the top line at g.d.p. or above for the foreseeable future. but this is a company that can -- an industry that can generate a fair amount of earnings growth in the low-growth economic environment. so with 1% revenue growth, telecom companies can generally knock out 3 3 plus percent earnings growth. >> tom: one
tonight's "street critique" guest joins us from the bank of new york. it is jonathan chaplin at credit suisse. welcome to "nightly business report." >> thanks, tom. >> tom: what has been fueling this performance that we've seen over the last quarter or so in telecom? >> i think it is pretty straightforward. it is primarily one thing: it's yield. as investors get concerned about growth concerns for the economy, 6% dividend yield for at&t and verizon...
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Sep 17, 2010
09/10
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we want to use that and use our associates to help drive us into the digital space. >> among the new titles he hopes will drive sales a familiar name to those older gamers, a new conkey kong game is due out before thanksgiving. >> susie: here's what we're watching for tomorrow: the consumer price index from august is released. our "market monitor" guest is elaine garzarelli, president of garzarelli capital. also tomorrow, household products tarn-x and c.l.r. are well-known brands. but did you know they're made by a small family business? we'll introduce you to the people behind jelmar in our "all in the family" series. mortgage rates inched higher for a second week in a row. freddie mac says the average rate on a 30-year fixed rate mortgage was 4.37%. while that's just off the historic low set two weeks ago, cheap borrowing costs haven't meant a boost in home sales. economists think that's because people are worried about job security and the bumpy recovery. >> tom: meanwhile, lenders took back more homes in august than any month since the mortgage crisis began. real estate data firm
we want to use that and use our associates to help drive us into the digital space. >> among the new titles he hopes will drive sales a familiar name to those older gamers, a new conkey kong game is due out before thanksgiving. >> susie: here's what we're watching for tomorrow: the consumer price index from august is released. our "market monitor" guest is elaine garzarelli, president of garzarelli capital. also tomorrow, household products tarn-x and c.l.r. are well-known...
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Sep 11, 2010
09/10
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tom, those are the two words president obama used today to describe the pace of growth in the u.s. economy. and the economy was a big topic at his white house news conference this morning. >> tom: the other big topic, susie, was the president's announcement of his new top economic advisor. he's austan goolsbee. goolsbee has been on the president's economic team. he now becomes chairman of the white house council of economic advisors, replacing christina romer, who left to return to teaching. >> susie: the president used today's press briefing to push his agenda for reviving the economy, from tax breaks to a small business jobs bill. washington bureau chief darren gersh reports. >> reporter: the president today acknowledged what many americans know too well-- economic progress has been painfully slow. still, he urged voters to stay the course this on election day. >> if it was just a referendum on whether we have made the progress we need to, then people around the country will say that we are not there yet. if the election is about the policies that are going to move us forward, ve
tom, those are the two words president obama used today to describe the pace of growth in the u.s. economy. and the economy was a big topic at his white house news conference this morning. >> tom: the other big topic, susie, was the president's announcement of his new top economic advisor. he's austan goolsbee. goolsbee has been on the president's economic team. he now becomes chairman of the white house council of economic advisors, replacing christina romer, who left to return to...
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Sep 15, 2010
09/10
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captioning sponsored by wpbt >> tom: good evening and thanks for joining us. the nation's retailers had a relatively strong back-to-school selling season, and susie, that has investors and traders wondering how the sector will do this holiday season. >> susie: tom, the commerce department reports retail sales rose for the second straight month in august. sales were up a better-than- expected four-tenths of a percent last month, while july's sales were also revised higher. >> tom: with "back to school" in the rear view mirror, retailers are looking ahead to the holiday selling season. many stores are deciding now how many temporary workers to hire, if any. as erika miller explains, those decisions can provide some important hints about the strength of holiday sales. >> reporter: in brooklyn, under the manhattan bridge, is a gift shop called stewart/stand. it's a family-owned business-- penelope runs the store, while her brother-in-law paul is in charge of the wholesale division. though it's only september, the two are already finalizing holiday hiring decisions
captioning sponsored by wpbt >> tom: good evening and thanks for joining us. the nation's retailers had a relatively strong back-to-school selling season, and susie, that has investors and traders wondering how the sector will do this holiday season. >> susie: tom, the commerce department reports retail sales rose for the second straight month in august. sales were up a better-than- expected four-tenths of a percent last month, while july's sales were also revised higher. >>...
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Sep 3, 2010
09/10
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captioning sponsored by wpbt >> tom: good evening, and thanks for joining us. ben bernanke said today it's a myth that lehman brothers could have been saved, perhaps preventing the financial crisis. susie, the fed chairman also says he's partly to blame for creating that myth. >> susie: tom, bernanke was the star witness on capitol hill today, answering questions from the financial crisis inquiry commission. the committee was commissioned by congress to figure out why lehman failed, and to answer the bigger question of what caused the financial crisis. >> tom: bernanke's testimony was a look at the lessons learned from the crisis and a look at how to prevent another one in the future. darren gersh reports. >> reporter: speaking to the financial crisis inquiry commission, federal reserve chairman ben bernanke admitted he thought lehman brothers was not merely facing a cash crunch when it failed. he thought the firm was very likely insolvent, a fancy way of saying it couldn't pay its debts. but in 2008, bernanke chose not to share that thought with congress. >> i
captioning sponsored by wpbt >> tom: good evening, and thanks for joining us. ben bernanke said today it's a myth that lehman brothers could have been saved, perhaps preventing the financial crisis. susie, the fed chairman also says he's partly to blame for creating that myth. >> susie: tom, bernanke was the star witness on capitol hill today, answering questions from the financial crisis inquiry commission. the committee was commissioned by congress to figure out why lehman failed,...
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Sep 9, 2010
09/10
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coming up, he'll tell us what stocks he's buying. >> susie: b.p. today released its own findings about what went wrong on the deepwater horizon rig. the oil giant takes some responsibility for the deadly disaster, but says it was a chain of events involving multiple companies that led to the accident. b.p. began its investigation immediately after the explosion and released the results today in a 200-page report. stephanie dhue has more. >> reporter: today's report says the problem started with a bad cement job that caused dangerous gases to leak into the well undetected. crew members misread tests and thought the well was under control, and didn't act until it was too late. the blowout preventer, which should have sealed the well, failed. b.p. took responsibility for its decisions on the rig, but also blamed halliburton for the cement job and rig operator transocean, which maintained the blowout preventer. transocean called b.p.'s report a "self-serving attempt to conceal... b.p.'s fatally flawed well design." b.p. says the well design is sound an
coming up, he'll tell us what stocks he's buying. >> susie: b.p. today released its own findings about what went wrong on the deepwater horizon rig. the oil giant takes some responsibility for the deadly disaster, but says it was a chain of events involving multiple companies that led to the accident. b.p. began its investigation immediately after the explosion and released the results today in a 200-page report. stephanie dhue has more. >> reporter: today's report says the problem...
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Sep 21, 2010
09/10
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is it too late for us to jump- start u.s. manufacturing? >> i don't think it is. i think it's very important to do so. a lot of innovation is what i would call innovation on the shop floor. it matters that you're exposed to the actual manufacturing to learn how to do things better. it's very good jobs. what we need to do is stop tying our hands behind our back. stop ridiculously litigation costs, stop the corporate tax system that is highly uncompetitive. stop health care mandates that are threatening business and stop policy uncertainty. no one is saying subsidize manufacturing. let the energies of the private sector work. >> susie: is there any more than the federal reserve can do? policy makers meet tomorrow. >> there's some more the federal reserve can do in terms of long-term asset purchases but i don't think there's much more the fed can do at this point. what this really requires is a more stable government policy environment. >> susie: if president obama called you up and said, i want your advice, what's the key take-away message you would like him to get
is it too late for us to jump- start u.s. manufacturing? >> i don't think it is. i think it's very important to do so. a lot of innovation is what i would call innovation on the shop floor. it matters that you're exposed to the actual manufacturing to learn how to do things better. it's very good jobs. what we need to do is stop tying our hands behind our back. stop ridiculously litigation costs, stop the corporate tax system that is highly uncompetitive. stop health care mandates that...
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Sep 29, 2010
09/10
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the web, they can call us from their smart phone, they can text us, it's just user friendly. >> reporter: taximagic software can help take the load off a cab company's dispatch system. >> if you can see on the phone where the cab is on it's way to pick you up, you're less likely to call the operator and say, "dude, where's my car?" >> reporter: taximagic began with a business plan to integrate taxi charges into expense account software. but when it launched the taximagic smart phone app, things really took off. the service is now available in 30 metro areas, including san francisco, chicago and los angeles. >> i don't think we would be here if there wasn't such a thing as the iphone. our business was nice of the blackberry and nice on the web, but when the iphone came out was when everything went crazy. >> reporter: and just as everything was getting going, the financial crisis hit. but with backing from expense account software firm concur and other investors, taximagic weathered the storm. >> it was super tough. we had our second round of investment lined up over the summer of '08, and
the web, they can call us from their smart phone, they can text us, it's just user friendly. >> reporter: taximagic software can help take the load off a cab company's dispatch system. >> if you can see on the phone where the cab is on it's way to pick you up, you're less likely to call the operator and say, "dude, where's my car?" >> reporter: taximagic began with a business plan to integrate taxi charges into expense account software. but when it launched the...
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Sep 9, 2010
09/10
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coming up, he'll tell us what stocks he's buying. >> susie: b.p. today released its own findings about what went wrong on the deepwater horizon rig.
coming up, he'll tell us what stocks he's buying. >> susie: b.p. today released its own findings about what went wrong on the deepwater horizon rig.